$103.09 Million in Sales Expected for Q2 Holdings Inc (NYSE:QTWO) This Quarter

Wall Street analysts predict that Q2 Holdings Inc (NYSE:QTWO) will report $103.09 million in sales for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Q2’s earnings, with estimates ranging from $101.94 million to $104.17 million. Q2 posted sales of $79.70 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 29.3%. The company is expected to announce its next earnings report on Wednesday, November 4th.

On average, analysts expect that Q2 will report full-year sales of $400.47 million for the current year, with estimates ranging from $396.63 million to $405.12 million. For the next financial year, analysts forecast that the company will post sales of $485.16 million, with estimates ranging from $472.86 million to $505.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Q2.

Q2 (NYSE:QTWO) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.29) by $0.36. The firm had revenue of $97.58 million for the quarter, compared to the consensus estimate of $94.76 million. Q2 had a negative net margin of 30.10% and a negative return on equity of 5.59%.

A number of research firms have recently commented on QTWO. Gabelli lowered shares of Q2 from a “buy” rating to a “hold” rating and set a $95.00 price objective for the company. in a research report on Tuesday, August 11th. Wells Fargo & Company raised their price objective on shares of Q2 from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Compass Point initiated coverage on shares of Q2 in a research report on Wednesday, September 16th. They set a “buy” rating and a $120.00 target price for the company. Stephens lifted their price target on shares of Q2 from $90.00 to $107.00 and gave the stock an “equal weight” rating in a research note on Tuesday, August 11th. Finally, Piper Sandler lifted their price target on shares of Q2 from $105.00 to $110.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 28th. Six equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $102.53.

In other Q2 news, Director R. H. Seale sold 5,434 shares of the business’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $90.00, for a total value of $489,060.00. Following the completion of the transaction, the director now owns 8,855 shares of the company’s stock, valued at approximately $796,950. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Adam D. Blue sold 1,025 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $91.40, for a total value of $93,685.00. Following the completion of the transaction, the chief technology officer now directly owns 73,061 shares of the company’s stock, valued at approximately $6,677,775.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 406,563 shares of company stock worth $38,288,896. 9.00% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Q2 by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,579,478 shares of the technology company’s stock worth $392,873,000 after buying an additional 413,446 shares during the last quarter. Champlain Investment Partners LLC raised its position in Q2 by 10.3% in the 1st quarter. Champlain Investment Partners LLC now owns 1,879,060 shares of the technology company’s stock worth $110,977,000 after buying an additional 175,085 shares during the last quarter. Wasatch Advisors Inc. raised its position in Q2 by 15.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 1,275,411 shares of the technology company’s stock worth $109,418,000 after buying an additional 174,427 shares during the last quarter. Federated Hermes Inc. raised its position in Q2 by 7.2% in the 2nd quarter. Federated Hermes Inc. now owns 1,198,400 shares of the technology company’s stock worth $102,811,000 after buying an additional 80,000 shares during the last quarter. Finally, Fred Alger Management LLC increased its position in shares of Q2 by 1.7% during the 1st quarter. Fred Alger Management LLC now owns 1,057,296 shares of the technology company’s stock valued at $62,444,000 after purchasing an additional 17,822 shares during the last quarter.

NYSE:QTWO traded down $1.24 on Tuesday, reaching $91.65. 219,747 shares of the company’s stock were exchanged, compared to its average volume of 506,589. The stock has a fifty day simple moving average of $93.53 and a 200-day simple moving average of $82.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 3.88 and a quick ratio of 3.88. Q2 has a 52 week low of $47.17 and a 52 week high of $106.44. The firm has a market cap of $4.90 billion, a price-to-earnings ratio of -42.23 and a beta of 1.57.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital banking solutions to regional and community financial institutions (RCFIs) in the United States. It offers Q2 Digital Banking and Transactions, a browser-based digital banking solution that delivers RCFI-branded digital banking capabilities; Q2mobility App, a mobile and tablet digital banking solution; Q2mobile Remote Deposit Capture, a partnered solution that allows remote check deposit capture; and Q2 Person-to-Person Payments, a partnered secure and integrated person-to-person payments solution.

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Earnings History and Estimates for Q2 (NYSE:QTWO)

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